─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Sutton-in-Ashfield, Prepared and Filed With Professional Support

Your company’s first set of statutory accounts is a milestone, and it is also a legal obligation. Micro Entity Accounts helps newly incorporated and newly trading limited companies in Sutton-in-Ashfield work through that first filing with confidence — gathering and reviewing the accounting records, preparing a balance sheet and, where applicable, a profit and loss account, and delivering the accounts to Companies House where required. We also explain where the separate HMRC side of things fits in, including whether a Corporation Tax Return such as a CT600 may be needed, since that is a different submission with a different destination. If the first accounting period or the correct reporting framework is unclear, we can help you work it out before anything is due.

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First Year Accounts Preparation

(Turnover up to £100K)

£499.00

£399.00

+vat

Micro-Entity Accounts Preparation
Companies House Filing
Corporation Tax Return
Qualified Accountant Support
FRS 105 Accounts
Experienced Accountants

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Trusted by Micro-Entity Businesses Across the UK

From newly incorporated companies to established owner-managed businesses, our clients trust us to prepare their accounts accurately and handle their annual filing requirements.

      EXCELLENT  
   Based on 300 reviews 
    
 
 
 
   
 
 
       Posted on Google  
   
   Jamie Fletcher 
 
 
 
 Trustindex verifies that the original source of the review is Google. It was a pleasure working with Anum on our accounts. The whole process was swift and effortless, and it was one less thing to worry about. I'd highly recommend them.
  
 
      Posted on Google  
   
   Mansur Liman 
 
 
 
 Trustindex verifies that the original source of the review is Google. Accotax have been our accountants for many years now. We maintained them, because of their professionalism. In the last coiple of years, i have working with Imran, who has been very professional and helpful in guiding us through the whole process explaining and clarifying every aspect of it. Very prompt in responding to questions and patient with us even when we seem to be slow. I really enjoy working with him. Thank you
  
 
      Posted on Google  
   
   Muna Mohamoud 
 
 
 
 Trustindex verifies that the original source of the review is Google. I highly recommend Imran to anyone looking for a reliable and knowledgeable accountant. He helped me sort out a very complicated backlog of accounts and prepared my overdue tax returns with professionalism and attention to detail. Throughout the process, he was incredibly patient, took the time to answer all of my questions, and explained everything clearly. He guided me through each step and helped rectify issues that had built up over time, making what felt like an overwhelming situation much more manageable. I'm very pleased with the service I've received and truly appreciate his support. If you need help with your accounts or taxes, I would highly recommend Imran.
  
 
      Posted on Google  
   
   Sergey M 
 
 
 
 Trustindex verifies that the original source of the review is Google. I had a positive experience with Accotax. The work was completed promptly, my tax return was successfully filed, and I received a refund of overpaid tax. I found the cooperation efficient and helpful. Special thanks to Muhammad Saifullah for his assistance.
  
 
      Posted on Google  
   
   Ebba Qureshi 
 
 
 
 Trustindex verifies that the original source of the review is Google. Fabulous team at ACCOTAX - very efficient and good response time . Honest and professional with their work. I would highly recommend them even if you’re a young start up - or a large business they have it covered .
  
 
      Posted on Google  
   
   Mael Leboucher 
 
 
 
 Trustindex verifies that the original source of the review is Google. We worked with a few different accountants before finally settling with Accotax, and we’re really glad we did. Their team is great. Abdul is responsive and easy to reach whenever I have a question, which makes a big difference. They take the time to understand how our business works and what our needs are. They are very knowledgeable, and when they don’t have the answer straight away, they take the time to look into it and get back to us quickly. Anum, who looks after our account on a day-to-day basis, including reconciling invoices and preparing the annual accounts, is amazing. She is professional, efficient, and follows the processes we have put in place together. She's also very quickin getting back to us whenever needed. We’re very happy to work with her and hope to continue doing so for as long as possible. Overall, Accotax has made our accounting experience much smoother and easier. We see them as a long-term partner as our business continues to grow. I would 100% recommend them.
  
 
      Posted on Google  
   
   3rd Hub 
 
 
 
 Trustindex verifies that the original source of the review is Google. Imran provides a very dependable and straightforward accounting service. He is always responsive and professional when managing our accounts. Excellent support.
  
 
      Posted on Google  
   
   Martin Tyrrell 
 
 
 
 Trustindex verifies that the original source of the review is Google. I have really impressed to date with all dealings with Accotax highly enough. From day one, they've made what can often be a complicated and stressful part of running a business feel straightforward and hassle-free. A special mention has to go to Anum, who has been friendly, incredibly responsive, and genuinely cares about providing the best possible service. No question is ever too much trouble, and she consistently goes above and beyond to make sure everything is dealt with efficiently. I wouldn't hesitate to recommend you to anyone looking for an accountant they can genuinely trust.
  
 
      Posted on Google  
   
   Matthew Lyon 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great speedy service and very personable. Anum dealt with my income certificate and did everything quickly and helped me out massively. Very happy with the service provided.

Your first filing timeline

Incorporation

Your first filing timeline depends on your company's incorporation date and accounting reference date.

Accounting reference date

Set by default to the last day of the month of incorporation, one year on.

First accounts due

Normally 21 months after incorporation at Companies House.

First CT600 due

12 months after the end of the accounting period, with tax due earlier.

What Are First Year Accounts for a Micro Company, and Does It Apply to Your New Limited Company?

First year accounts are the initial set of statutory accounts a limited company prepares for its first accounting period. They cover the period from incorporation, or from the date the company began trading where that is different, through to the company’s first accounting reference date. That first period is often longer than twelve months, which is one reason the first filing can catch directors in Sutton-in-Ashfield off guard. Where the company is required to file accounts with Companies House, those statutory accounts are delivered there. The accounts themselves normally include a balance sheet showing what the company owns and owes at the period end, and a profit and loss account where the reporting framework and the company’s circumstances require one. Directors’ responsibilities, the basis on which the accounts have been prepared and any notes needed for the chosen framework all form part of the package. The figures need to be supported by proper accounting records — bank transactions, sales and income records, purchase invoices, expense receipts, asset purchases, director transactions, share capital details and any loans or finance arrangements, alongside payroll or VAT records where those apply. Some companies may qualify to report under the micro-entity framework, with FRS 105 as the financial reporting standard for qualifying micro-entity entities, or under the small company regime. Qualification is not automatic for a new company: it depends on the applicable eligibility criteria for the relevant accounting period and on the company’s individual circumstances. A company with modest activity does not automatically become a micro-entity, and a company that has not yet started trading is not automatically dormant. The correct framework should be established before the accounts are drafted, not after. It also helps to separate the first year accounts from the other filings that may sit alongside them. Statutory accounts go to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable — and the company’s first Corporation Tax accounting period does not always match the statutory accounts period. A confirmation statement is a separate filing again, confirming that the information Companies House holds about the company is up to date. Completing one of these does not complete the others, so it is worth mapping out the whole first-year compliance picture rather than treating each item in isolation.

Does Your New Company Qualify as a Micro Entity?

Even in your first period, your company must meet the Companies House size criteria to file micro-entity accounts. A company generally needs to meet at least two of these three conditions.

Business Turnover

Annual Turnover of £1 Million or less. (£632,000 previously)

Balance Sheet

Balance sheet total of £500,000 or less.(£316,000 previously)

Company Size

On an average 10 or less employees (10 or less previously)

─── OUR FIRST YEAR SERVICES

What's Included in Our First Year Accounts Service?

Our first-year accounts package can include statutory accounts preparation, Companies House filing and Corporation Tax Return preparation where included in the selected package.

First Year Accounts Preparation

Preparation of your first set of statutory accounts under the micro-entity reporting framework, from incorporation to your first year end.

First Accounting Period Review

Review of extended first accounting periods and any separate Corporation Tax return periods where applicable.

Companies House Filing

We prepare and submit your first statutory accounts to Companies House within the filing window.

First Corporation Tax Return (CT600)

Preparation of your first Company Tax Return and supporting computations for HMRC.

Opening Balances & Set-Up Costs

We record pre-trading expenses, director loans and share capital correctly in your opening balance sheet.

─── WHY CHOOSE US

Why Choose Us

Micro Entity Accountants keep micro-entity accounts straightforward, transparent and easy to manage for busy company directors.

FRS 105 Specialists

The micro-entities regime is all we do, so your accounts are prepared to the right standard first time.

Paperless Onboarding

Get set up in minutes with a fully digital, secure process — no printing, posting or office visits.

Deadline Management

We track your Companies House and HMRC deadlines and prompt you early so late filing penalties are avoided.

Fixed Fee, No Surprises

One transparent fixed fee covers preparation, the tax return and both filings. No hourly billing.

Included in every first year file

Confirmation of your accounting reference date

Split Corporation Tax Returns where the period exceeds 12 months

Pre-trading and formation costs reviewed

Share capital and director loan account set up

Companies House and HMRC submission receipts

─── How It Works

How Our First Year Accounts Filing Service Works

Share Your Company Details

Send us your incorporation date, accounting reference date, bank statements and any pre-trading costs through our secure portal.

First Accounts & Tax Return Prep

We build your opening balances, prepare your micro-entity accounts and your first CT600 Corporation Tax Return.

Review & Approval of Drafts

You receive draft accounts with plain-English explanations of what has been included and why, ready for director approval.

Submit to HMRC & Companies House

We file your first accounts with Companies House and your CT600 with HMRC, then confirm both submissions.

─── Why Choose Us

Why Choose Us for Your First Year Accounts?

We keep a first filing simple, transparent and easy to manage for directors doing it for the first time.

Paperless Onboarding

Get your new company set up on a fully digital, secure accounting process in minutes.

First-Year Compliance Support

We help you understand the accounting period, records and filing requirements that apply to your company's first accounts.

Fully Qualified Accountants

All work is handled by UK-qualified accountants who specialise in micro companies.

Fixed Fee, No Hidden Costs

One simple fee covering your first accounts preparation and both filings.

─── WHO WE HELP

First Year Accounts Support for Micro Companies Across the UK

Newly Incorporated Companies

Companies formed in the last 12 to 18 months filing their very first set of accounts.

First-Time Directors

Directors who have never filed statutory accounts and want the process explained clearly.

Newly Incorporated Limited Companies

Small companies with limited first-year trading, including those that stayed dormant part of the period.

Get Your First Year Accounts for Limited Company in Sutton-in-Ashfield Prepared Properly

If your company has recently been incorporated, the first accounts deadline can arrive sooner than expected — and if the company has had limited activity, it is easy to assume there is nothing to do. That assumption is where problems start. Whether you are unsure which reporting framework applies, have records spread across bank statements and spreadsheets, or simply want the figures checked before they go to Companies House, Micro Entity Accounts can assist with preparing the accounts, reviewing the underlying records and supporting the filing process where required. We will also flag where separate Corporation Tax, confirmation statement or other compliance matters may need attention, so nothing is quietly overlooked. Speak to us before your first period closes, and the process is far more straightforward than trying to unravel it afterwards.

─── FAQs

First Year Accounts FAQs

Still unsure where you stand? Reach out to our UK team at info@microentityaccounts.co.uk and we will review your filing history with you.

What are first year accounts for a limited company?

They are the first set of statutory accounts a limited company prepares, covering its initial accounting period — normally from incorporation, or from the date trading began, up to the company's first accounting reference date. They typically include a balance sheet and, where the applicable reporting framework requires it, a profit and loss account, together with any supporting notes. These are the company's annual statutory accounts for that first period and are filed with Companies House where required.

When are first year accounts due?

The due date depends on the company's incorporation date, its accounting reference date and the applicable Companies House requirements, so it is not the same for every company. A company's first accounting period is often longer than twelve months, which means the first filing deadline can fall at an unexpected point. Rather than relying on a general rule of thumb, it is worth confirming your company's specific accounting reference date and filing deadline directly with Companies House records before you plan the work.

What information is needed to prepare first year accounts?

It depends on what the company has done during the period, but most first-year preparations involve bank statements and transactions, sales or income records, purchase invoices and expense receipts, details of any assets bought, director loan or expense transactions, share capital information and any loans or finance agreements. Payroll records are relevant where the company has run a payroll, and VAT records where the company is VAT registered. Not every company will have all of these — only the records that reflect actual activity are needed.

Does a newly incorporated company have to file accounts with Companies House even if it has not traded?

Filing obligations can still apply where a company has had limited or no activity, so it is a mistake to assume that a quiet first year means nothing needs to be filed. Whether the company is treated as dormant for filing purposes depends on its circumstances and the applicable rules, and a company that has not yet started trading is not automatically dormant. Directors should check the position rather than leaving the first accounts unaddressed. In Sutton-in-Ashfield and elsewhere, the safest approach is to confirm the requirement before the period end rather than after.

Are first year accounts the same as a CT600?

No. Statutory accounts are prepared for the company's members and delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is a separate submission made to HMRC where the company has Corporation Tax obligations. The accounting figures from the statutory accounts often feed into the Corporation Tax work, but the two filings serve different purposes and go to different places. Filing one does not complete the other, and the company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

Is a confirmation statement part of the first year accounts?

It is a separate filing. A confirmation statement confirms that the information Companies House holds about the company — such as directors, registered office and share information — remains accurate, and it is submitted independently of the statutory accounts. Filing first year accounts does not replace the confirmation statement, and submitting a confirmation statement does not satisfy the accounts filing requirement. New companies should keep both obligations in view along with any Corporation Tax or VAT matters that apply to them.

Can a new limited company qualify for micro-entity accounts?

Some newly incorporated companies may qualify to report under the micro-entity framework, using FRS 105 as the applicable financial reporting standard for qualifying entities. However, this is not automatic. Eligibility depends on the applicable criteria for the relevant accounting period and on the company's own circumstances — low activity or a recent incorporation date does not, by itself, confirm that the company qualifies. The appropriate framework should be assessed properly before the accounts are prepared, since it affects what the accounts must include and how they are presented.

What happens if first year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to consequences from Companies House, which may vary depending on how overdue the filing is and the company's filing history. Paying any penalty that arises does not remove the requirement to file the outstanding accounts, and the accounts still need to be delivered. If accounts have already been filed late, appeal eligibility depends on the circumstances and the applicable rules. Where a Sutton-in-Ashfield company is behind on its first accounts, getting the position reviewed early generally leaves more options open.